Handelsinvest Investeringsforvaltning Sells 1,836 Shares of Lamb Weston Holdings, Inc. (NYSE:LW)

Handelsinvest Investeringsforvaltning reduced its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 34.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,535 shares of the specialty retailer’s stock after selling 1,836 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Lamb Weston were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. increased its stake in shares of Lamb Weston by 3.4% in the 4th quarter. Great Valley Advisor Group Inc. now owns 3,065 shares of the specialty retailer’s stock valued at $332,000 after acquiring an additional 101 shares during the last quarter. Somerset Trust Co increased its stake in shares of Lamb Weston by 4.5% in the 1st quarter. Somerset Trust Co now owns 3,401 shares of the specialty retailer’s stock valued at $362,000 after acquiring an additional 145 shares during the last quarter. KLR Investment Advisors LLC increased its stake in shares of Lamb Weston by 4.1% in the 4th quarter. KLR Investment Advisors LLC now owns 3,943 shares of the specialty retailer’s stock valued at $426,000 after acquiring an additional 157 shares during the last quarter. VisionPoint Advisory Group LLC increased its stake in shares of Lamb Weston by 113.4% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 303 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 161 shares during the last quarter. Finally, Private Trust Co. NA increased its stake in shares of Lamb Weston by 15.3% in the 4th quarter. Private Trust Co. NA now owns 1,250 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 166 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Lamb Weston Stock Performance

Shares of LW stock opened at $82.72 on Thursday. The business’s 50-day moving average price is $85.44 and its 200-day moving average price is $95.30. Lamb Weston Holdings, Inc. has a 12 month low of $77.41 and a 12 month high of $117.38. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.36 and a beta of 0.74. The company has a current ratio of 1.19, a quick ratio of 0.52 and a debt-to-equity ratio of 1.81.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Thursday, April 4th. The specialty retailer reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.20). Lamb Weston had a net margin of 16.71% and a return on equity of 50.74%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. Equities research analysts forecast that Lamb Weston Holdings, Inc. will post 5.54 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on LW shares. Citigroup lowered their price target on Lamb Weston from $132.00 to $106.00 and set a “buy” rating for the company in a research note on Monday, April 8th. Stifel Nicolaus decreased their price objective on Lamb Weston from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Barclays decreased their price objective on Lamb Weston from $125.00 to $105.00 and set an “overweight” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company decreased their price objective on Lamb Weston from $128.00 to $98.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Finally, Bank of America decreased their price objective on Lamb Weston from $138.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Lamb Weston presently has an average rating of “Moderate Buy” and an average price target of $117.40.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.